What developments in the external environment are reflected

Assignment Help Management Theories

Reference no: EM131496281

Question: HMV - the case continues

The second strand in the new strategy is to grow revenue from new channels, instead of relying on physical purchases in the stores. HMV Group is therefore investing in both stores' online sites. Customers can purchase music through the hmv.com site, giving the choice of a digital download or a physical album. The company plans to extend the site to offer video downloads as soon as this becomes worthwhile to customers and the company. They are also planning to grow revenue from live music events and ticket sales. On becoming more efficient, the company is changing major parts of the cost base. For example, Waterstone's had invested in a centralised book hub, to which all book suppliers deliver their products. These are then sorted and delivered to each store as a single daily delivery, rather than having several deliveries to a store each day by individual suppliers. They are also centralising their purchasing to reduce costs, and consolidating many back-office functions of the two store chains.

Case questions 8.2

1. What developments in the external environment are reflected in the company's strategy?

2. What internal changes do you think this may have led to in the way the company operates?

Reference no: EM131496281

Questions Cloud

Evaluate the efficiency of the structure : Determine the major effects that Walmart's business philosophy has had on its human resource practices and policies.

Compare and contrast traditional and strategic hr : Compare and contrast traditional and strategic HR. In what type of organizations might traditional HR still be appropriate?

Impacts the education of young children : Identify at least one key issue or trend in early childhood programs and explain how it impacts the education of young children.

An index model regression applied to past monthly returns : An index model regression applied to past monthly returns in Ford’s stock price produces

What developments in the external environment are reflected : The second strand in the new strategy is to grow revenue from new channels, instead of relying on physical purchases in the stores. HMV Group is therefore.

Why does the given problem exist or what causes it : Why is it a problem for businesses? Why does this problem exist or what causes it? o What are some of the consequences if the problem goes unsolved?

Management role in implementation of the code of conduct : How will you define management's role in the implementation of the code of conduct? What do you feel is a successful communication plan for this project?

Enhancing the structure of an organization : Creating or enhancing the structure of an organization defines managers' Organizational Design task.

What are the main external factors affecting the hmv group : Referring to the analytical frameworks in Chapter: What are the main external factors affecting the HMV Group at present?

User Account

All Pages